Royal Bank of Canada set a GBX 3,100 ($40.51) price target on Diageo (LON:DGE) in a research note released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other brokerages have also commented on DGE. Jefferies Financial Group restated a buy rating and issued a GBX 1,453 ($18.99) price target on shares of in a report on Tuesday, June 18th. Berenberg Bank restated a buy rating and issued a GBX 250 ($3.27) price target on shares of in a report on Tuesday, June 18th. Investec upgraded Standard Chartered from a hold rating to a buy rating in a report on Monday, March 25th. Citigroup boosted their price target on Cyberark Software from $111.00 to $130.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on Diageo and gave the company a neutral rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 3,224.41 ($42.13).
Shares of Diageo stock opened at GBX 3,391 ($44.31) on Friday. The company has a market capitalization of $80.43 billion and a price-to-earnings ratio of 28.42. The firm has a 50-day moving average price of GBX 3,391.36. Diageo has a one year low of GBX 2,513 ($32.84) and a one year high of GBX 3,500.50 ($45.74). The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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